Measured Risk Portfolios Inc. Sells 2,194 Shares of Crown Castle Inc. $CCI

Measured Risk Portfolios Inc. reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,516 shares of the real estate investment trust’s stock after selling 2,194 shares during the period. Crown Castle accounts for about 2.2% of Measured Risk Portfolios Inc.’s holdings, making the stock its 15th biggest position. Measured Risk Portfolios Inc.’s holdings in Crown Castle were worth $2,313,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CWA Asset Management Group LLC lifted its position in shares of Crown Castle by 9.0% during the first quarter. CWA Asset Management Group LLC now owns 2,663 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 219 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Crown Castle by 10.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,552 shares of the real estate investment trust’s stock worth $5,707,000 after acquiring an additional 5,144 shares during the period. Allspring Global Investments Holdings LLC raised its position in Crown Castle by 13.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,031 shares of the real estate investment trust’s stock worth $3,665,000 after acquiring an additional 4,276 shares during the period. Legacy Advisors LLC bought a new stake in Crown Castle in the first quarter worth about $262,000. Finally, Everhart Financial Group Inc. bought a new stake in Crown Castle in the first quarter worth about $307,000. 90.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CCI shares. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. KeyCorp lowered their price objective on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price objective on shares of Crown Castle from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada set a $112.00 price objective on shares of Crown Castle and gave the stock an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.76.

Crown Castle Stock Up 0.1%

CCI opened at $95.57 on Friday. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of -8.96, a PEG ratio of 0.73 and a beta of 0.95. The firm has a 50-day moving average price of $99.36 and a 200-day moving average price of $101.12. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.89.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, sell-side analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.25 annualized dividend and a yield of 4.4%. Crown Castle’s payout ratio is currently -39.83%.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.